Balgarianovinite.com Serbian oil company NIS currently has record quantities of crude oil, with around 350,000 tonnes secured until July 1, the country’s Mining and Energy Minister Dubravka Dedovic Handanovic said on Wednesday at a meeting with Serbian members of the NIS Board of Directors.
“The company remains exposed to regulatory, financial and operational risks, and we must continue working towards its removal from the sanctions list of the US Office of Foreign Assets Control (OFAC) as soon as possible,” the Minister said.
She recalled that the State continues to implement measures to ensure full market supply.
Earlier on Wednesday, Tanjug reported that OFAC extended the licences allowing NIS to operate and Hungarian oil and gas company MOL to continue negotiations, until July 1, 2026. The previous licences for both companies expired on June 16.
NIS said that under the extended licence it can continue its operations and participate in agreements involving the company or its subsidiaries, including the operation of its refinery, crude oil imports, transactions necessary for supply security and technical implementation, as well as financial operations. At the same time, MOL can continue negotiations with Russia’s Gazprom Neft on the purchase of its 56.15% stake in NIS.
On Tuesday, Handanovic signed an agreement with MOL on the management of NIS.
NIS is Serbia’s only oil company and operates the Pancevo refinery, a key facility for the country’s fuel supply. The United States placed NIS under sanctions on January 10, 2025, over its Russian majority ownership. The restrictions took effect on October 9, 2025, after eight postponements, with Washington demanding the full withdrawal of Russian capital from the company. Serbian Company NIS Has 350,000 Tonnes of Crude Oil Secured until July 1, Energy Minister Says 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-06-17 18:23:06 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law